Wells Fargo & Company Has Lowered Expectations for Barings BDC (NYSE:BBDC) Stock Price

Barings BDC (NYSE:BBDC - Get Free Report) had its target price cut by research analysts at Wells Fargo & Company from $10.00 to $9.00 in a report issued on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective would indicate a potential upside of 2.86% from the stock's current price.

Separately, Keefe, Bruyette & Woods decreased their price objective on shares of Barings BDC from $10.50 to $9.50 and set a "market perform" rating for the company in a research report on Tuesday, April 8th.

Barings BDC Stock Up 1.6 %

Shares of NYSE:BBDC traded up $0.14 during mid-day trading on Monday, hitting $8.75. 344,691 shares of the company traded hands, compared to its average volume of 452,022. The firm's 50 day simple moving average is $9.16 and its 200 day simple moving average is $9.61. The firm has a market cap of $922.33 million, a P/E ratio of 8.41 and a beta of 0.56. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.14 and a current ratio of 0.14. Barings BDC has a 52-week low of $7.66 and a 52-week high of $10.85.

Barings BDC (NYSE:BBDC - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.01). The firm had revenue of $70.63 million for the quarter, compared to analysts' expectations of $69.35 million. Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. On average, equities analysts anticipate that Barings BDC will post 1.13 EPS for the current year.

Institutional Trading of Barings BDC

Several institutional investors have recently added to or reduced their stakes in BBDC. JPMorgan Chase & Co. increased its position in shares of Barings BDC by 393.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company's stock worth $25,000 after purchasing an additional 2,059 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Barings BDC during the fourth quarter worth about $25,000. Golden State Wealth Management LLC bought a new stake in Barings BDC in the first quarter valued at about $37,000. Ameriflex Group Inc. acquired a new stake in Barings BDC during the fourth quarter valued at approximately $80,000. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in Barings BDC by 276.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 10,144 shares of the company's stock worth $97,000 after buying an additional 7,448 shares during the last quarter. 44.09% of the stock is owned by institutional investors and hedge funds.

About Barings BDC

Barings BDC, Inc is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.